User:Elenica.sofijanova

Elenica.sofijanova (talk) 10:04, 8 July 2011 (UTC)

INTELLECTUAL CAPITAL - A NEW FORM OF CREATING AN ECONOMIC COMPETITIVENESS IN A GLOBAL ECONOMY

The knowledge society has been a tremendous accelerator of economic and social progress. The quality of society is largely determined by its capacity to generate genuine learning and team work and to produce new visionary knowledge. Measuring this capacity is a prerequisite for having the intellectual capital high on the political agenda of nations’ decision-making processes. A new economic landscape is emerging based on intangibles, or an evolution toward Knowledge. A comprehensive definition of intellectual capital is offered by Brooking [4, p. 12]. “Intellectual capital is the term given to the combined intangible assets which enable the company to function.” According to Edvinsson and Malone [5], intellectual capital takes three basic forms: human capital, structural capital, and customer capital. Intellectual capital is becoming the preeminent resource for creating economic wealth. The action of the human factor in the process of economic growth is correlated with the evolution of the active available population’s occupational level.